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of general electric, jack welch, who joins us right now. jack, you made a lot of news today. here is the tweet you put out this morning. unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers. and i'm just wondering, i understand the way it works is the president gets a heads-up on the unemployment number 4:00 the day before and has to keep it to himself. you're saying in your tweet this morning that the news went the other way, that the people working for the president somehow got the bls, the bureau of labor statistics, and played with the numbers so it would come down below 8% today. how does it work from your perspective? what happened here? >> well, chris, all i can talk about are some of the numbers. we had 600,000 government jobs added in the last two months. we had 873,000 jobs by a household survey, which is a total estimate from 50,000 phone calls. of those 600,000 were temporary workers. chris, these numbers are all a series of assumptions, tons of assumptions, and it just seems somewhat coincidental that the month before the elec
right now. >>> 7.8% unemployment. did president obama just win next month's election? jack welch says hold your horses on that 7.8% number. he doesn't really believe it. an influential florida congressman agrees. we'll talk to that congressman live and ask him on what he bases his suspicions. >>> a place in the united states where gasoline has now become hard for drivers to find. you will find out why coming up on "power lunch." >>> meantime, let's go to sue at the new york stock exchange. sue? >> the markets have been up all day long. we're up about 60 points or so on the dow jones industrial average and the big reason of course is the number that we got this morning, falling unemployment. we are now below the 8% level for the first time in four years. the question is how did we get there? here to explain all of that, our senior economics reporter steve leisman. steve? >> sue, thanks very much. sue, this number is a product of simple math. but whether it's telling us about the real strength of the job market is something investors and the fed are going to have to think long and hard
was on twitter. the former ceo of general electric jack welch, general electric i should say is a minority owner of this company, mr. welch tweeted, quote, unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers. jarek jarek -- jack welch accusing the white house of manipulating this month's jobs data so it would look better for the president. always up for a good conspiracy theory republican congressman alan west of florida concurred and wrote, quote, in regards to today's jobs report i agree with former ge ceo jack welch. chicago style politics is at work here. from there it was sort of off to the races. republican congressman paul brown of georgia, quote, september jobs report raises questions. quote, i don't think bls cooked numbers. i think a bunch of dems lied about getting jobs. that would have the same effect. that was from a senior writer at something called the washington examiner, a conservative thing online. eric bolling who is at fox news, he wrote, wow. obama labor department smarter than all 25 of america's top economists. or something far mo
theorists who openly suggested the white house manipulated the numbers. forward ceo jack welch led the crowd with this tweet "unbelievable jobs numbers. these chicago guys will do anything can't debate so change numbers". he refused to back down on last night's msnbc. >> i have no evidence to prove that. i just raised the question. >> you didn't raise the question. you said these chicago guys will do anything so they change the numbers. you want to take that back? >> this is an assertion. >> jimmying with these numbers. corruption here. infiltration or getting to -- it's not funnies jack. you're talking about the president of the united states playing with the bureau of labor statistics numbers. this is mixing stuff. do you want to take back the charge here? >> i don't want to take back one word in that tweet. >> oh, this is good. what's the word from the white house folks today on these jobs numbers? are they being cautious about them at all? >> you heard the president be cautious. the president and his advisers and everybody on down the line is going to be very quick to add that there are
the guest host, squawk market taylor, jack welch tweeted that maybe this number's been played with. >> those chicago guys will do anything. >> by the way, don't miss "squawk box" on monday and we'll be talking with carly fiorina former chairman and ceo of hp. >>> final thoughts from our guest host john taylor of fs concepts. we were just talking about this tweet from jack welch. he tweeted, unbelievable numbers. the chicago guys will do everything. can't debate the numbers. it is lighting up the tweet sphere. >> there was a huge 873,000 increase in the household survey exceeding the 418 in the labor force. a lot of these numbers, is there wiggle room? there's assumptions, right? >> there's a lot of wiggle room. they're calling up people on the phone. who knows who answers the phone? nowadays you have cell phones and you're not going to answer the phone at home. my phone won't be answered because you'll say that's some weird person polling me. >> although some would say how come it goes and not above. that is volatile. >> because of that, don't trust the number like that. steve had the right
Search Results 0 to 13 of about 14 (some duplicates have been removed)